PKFZ report

A friend sent me a pdf file of  PKFZ audit report by PWC . It is good that the government has finally released this.

I am going to post this pdf file here for my readers to go through, the common people, the accountants and auditors etc..

I have written a few posts on this fiasco and I won’t be long winded and go into this again.

However, I would like to call upon the government to set up a Commission of Enquiry to investigate thoroughly into why there is such a huge cost overrun. No stones must be left unturned in this investigation. This commission should also be tasked to look into whether this project should be allowed to proceed, or whether we should cut loss and terminate the whole fiasco.

I have always been against capital punishment, but in this case, I am tempted to change my position and say ” Damn!  shoot all the perpetrators.”

Pls click this link  to read the full report:  PKFZ- audit report


11 Comments (+add yours?)

  1. clearwater
    Jun 03, 2009 @ 11:19:31

    The PKFC scandal is best described as a financial gang rape by BN


  2. clearwater
    Jun 03, 2009 @ 11:23:03

    ..component parties. This is avarice and systemic plunder of the public purse through several leadership changes. Execution through a gunshot to the head is called for.


  3. Bentoh
    Jun 03, 2009 @ 11:23:59

    Dr Hsu,

    While it is good the report was released, but don’t you think the report is too limited in scope? Most of the information are already known to the public through years of scrutinies, led by the opposition party, civil society and media…

    The report specifically mentioned that the scope of audit was limited to only PKFZ & PKA, and the report would not tell us who’s to be responsible for, what shall PKA and the government do and etc…

    That being said, even if the report would cause damage to certain personalities in the PKA… those outside PKA are generally free from being held responsible…

    To a layperson like me, continue “rescuing” the ICU warded PKFZ would only benefit KDSB aka YB Tiong KS.

    My vote henceforth goes to PKFZ’s bankruptcy…


  4. A true Malaysian
    Jun 03, 2009 @ 12:32:44

    Dr. Hsu,

    I have not read through the report yet, but I would like to ask a few questions that I consider very basic for a layman like me.

    Q1 – Any open tender being called to award the Turnkey agreement to develop PKFZ?

    Q2 – If Q1 is ‘yes’. Who were the parties who submitted and what their respective tender prices?

    Q3 – If Q1 is ‘no’, on what basis KPA accepted KDSB terms and conditions?

    Q4 – Which parties involved in evaluating KDSB tender?

    I am not sure PwC scope of review covers my Q1 to Q4 above.


  5. shoushudao
    Jun 03, 2009 @ 17:13:11

    Dr, I sense that you are very angry. And I am so.
    Over the years, events like this and the later case of the collapse of the stadium roof happen regularly. These are not natural disasters, but misdeeds through human which should not surface if proper check and enforcement were in place. It also gives the impression that no lesson was learnt from the earlier cases of misfortune. Wonder where the focus was.


  6. Justin Choo
    Jun 04, 2009 @ 00:50:40

    Dr Hsu,

    Events after events have made us boiled with the blatent disregard for a wee bit of conscience and responsibility on the part of those who hold power.

    I can now sense that you too has a limit to “tolerance and patience” although your threshhold is very high. It is time that you start “shooting” them down.

    We have had more than enough rubbish thrown at us!!!


  7. clearwater
    Jun 05, 2009 @ 10:27:43

    Even PKA’s financial advisor Mega Wan is into the ripoff. Fancy charging RM147 million for doing financial modeling, numbers crunching and the like. Hey, advisory work only involves time and some brain power; professional charges are usually time based and should not be computed based on the project cost unless there is a hidden agenda. A few million is already rich, hundreds of million is a sick joke. More gunshots to the head for more people in PKA.


  8. A true Malaysian
    Jun 05, 2009 @ 10:58:02

    Dr. Hsu,

    We can still see light at the end of long tunnel with fellow Malaysian with such thinking like Mohammad Afifi Kassim per Malaysiakini Vox Populi,

    “Mohammad Afifi Kassim: PAS cannot do it alone in her quest for political success. That is the reality in this country.

    Pas was successful in the last election because PAS worked harmoniously within Pakatan Rakyat.

    If PAS leaders that emerge successful after this coming ‘muktamar’ decide to work with Umno/BN they are only retarding the momentum that has been gained.

    In war, once you lose momentum, the enemy will defeat you miserably. PAS will not be trusted anymore.”

    My view if PAS is getting more sincere than Umno and some ex-Umno members of PKR. Hope my view is right.


  9. A true Malaysian
    Jun 05, 2009 @ 11:03:44

    Another fellow Malaysian with sensible and heart-warming view,

    “Pensioner: As a Malay myself, I can appreciate the writer’s concern about the position that the Malays are now in.

    However, what the writer failed to mention was the reason for this malaise which has dogged the commuity for generations.

    The writer should highlight the fact that the Malays have been victims of their own Malay leaders.

    How does one explain the refusal of the federal government to bring development to Kelantan by stopping the highway at Kuantan when Terengganu was under PAS but then extending the highway up to the Kelantan border when BN took over Terengganu?

    Kelantan with a Malay population of more than 90% was also the last state to get a university.

    The attitude of Malay politicians is that ‘you may be a Malay but if you are not one of us, I will ensure that you get nothing’.

    The Malays in Kelantan have been treated poorly for decades and it would not be wrong to say that the non-Malays in other states fare better in terms of getting infrastructure and educational and business opportunities.

    Najib’s administration of a ‘1Malaysia’, I hope, will also include the Malays in the states not under BN control.”

    Umno and goons still ‘sleep’ in their laurels?


  10. Atila
    Jun 06, 2009 @ 01:02:58

    A True Malaysian

    “The attitude of Malay politicians is that ‘you may be a Malay but if you are not one of us, I will ensure that you get nothing’…”

    This is true. Sickly partisan politics again.

    Its now creeping into PKR and PAS in Penang becoz we have re-cons.


  11. ooi chee thim
    Jun 08, 2009 @ 11:43:25

    Dr Hsu. You must be dreaming that the Govt will conduct a Royal Commission on this scandal. Even if they do, it is another shadow play. During these 50+ years of BN rule, have you recall or recollect when did the Govt ever charge any of those in the assembly any wrong doings? We have seen so many scandals, so many building collapses, so many poor quality works, etc. and so many committees appointed to look into it, and yet we have not seen any of BN assemblyman charged for any wrong doings. The RC on Lingam incident implicated some big shots. What do we get at the end of the day? None of them was charged? Some of BN assemblyman is also getting away with murders.

    This is Malaysia. So Dr Hsu , you have to be realistic. If any of the BN assemblyman is charged and convicted, it will mean another by-election and BN knows that they will lose. So no way will such a thing can happen? DAP has lodged a few reports on PKFZ last year to MACC and still no action. Toyo case is another clear case of misuse of power and corruption. Another has been found guilty of money politics and yet he still holds a high govt post. So please tell me Dr Hsu, do you think the Govt will do justice in this case and bring the culprits to court?

    However, if it is PR, someone will lodge a report to the Polis and MACC. If no one does it, the Polis themselves will lodge the report. Some BN small fries will lodge another report to MACC. Actions by MACC and Polis will be swift and affirmative. This PR assemblyman will be prosecuted and find guilty so that a by-election will be done. You have seen how the appeal court acted so fast in Perak case. We have thousands of appeal waiting and yet this case is super fast. Even the verdict is done within half a day. Case closed. BN won.

    There is always 2 sets of rules in Malaysia. We have to live with these sets of playing field till the next GE. Very sad, don’t you think Dr Hsu


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